Causes of the Credit Crunch by Tony Bickley https://padlet.com/tony_bickley/s6fd6jk3t9e4 en-us 2018-01-25 12:43:21 UTC 2018-01-25 15:41:03 UTC hello@padlet.com Who is to blame for the Financial Crisis? tony_bickley https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224610147 2018-01-25 12:45:04 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224610147 What were the underlying reasons why banks failed? tony_bickley https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224610428 2018-01-25 12:46:03 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224610428 Ratings Agencies https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625434 There was a conflict of interest between ratings agencies and investment banks]]> 2018-01-25 13:27:12 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625434 test https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625528 2018-01-25 13:27:25 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625528 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625673 Greed

]]> 2018-01-25 13:27:44 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625673 Northern Rocks 3 step banking model https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625778 2018-01-25 13:28:00 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625778 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625842 Irresponsible bankers passing along subprime mortgages ]]> 2018-01-25 13:28:09 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625842 The public for borrowing too much and saving little. https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625875 2018-01-25 13:28:15 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625875 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625954 Pressure from shareholder and share prices 

]]> 2018-01-25 13:28:26 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625954 Sub-prime mortgages https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625976 Mortgages offered to low income/higher risk customers]]> 2018-01-25 13:28:32 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224625976 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626026 Failing to foresee the future ]]> 2018-01-25 13:28:39 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626026 Deregulation https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626061 2018-01-25 13:28:47 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626061 supply of houses more then the demand https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626354 2018-01-25 13:29:27 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626354 Collapse of housing market in US, therefore homeowners defaulted on their mortgages due to negative equity https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626397 2018-01-25 13:29:35 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626397 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626763 Retail banks involving themselves in investment banks usual business]]> 2018-01-25 13:30:28 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626763 Incorrectly packaged mortgage securities https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626767 2018-01-25 13:30:29 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224626767 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627073 Too little government intervention
Bill Clinton encourging home buying 

]]> 2018-01-25 13:31:09 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627073 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627105 Federal reserve treasury bills no longer an investment with good returns, so Bankers looked for an alternative]]> 2018-01-25 13:31:13 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627105 Maturity transformation https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627180 Borrow short, lend long...
Quick way to make money
Thinking short & fast]]> 2018-01-25 13:31:24 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627180 Banks got in to other sectors they where not fully aware of..stick to what you know best https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627389 2018-01-25 13:31:50 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627389 Internal and external auditors ignoring the signs before financial crisis https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627501 2018-01-25 13:32:08 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627501 Lehmann Brothers https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627537 Too big for the US government to bail out]]> 2018-01-25 13:32:14 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627537 Too many parties involved https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627922 2018-01-25 13:33:03 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224627922 CDO https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224628340 Collateralised Debt Obligations]]> 2018-01-25 13:34:07 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224628340 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224628858 Bankers acting in their own interest]]> 2018-01-25 13:35:18 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224628858 Mortgage Brokers - sell to anyone on a self-certified basis https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224629556 2018-01-25 13:36:41 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224629556 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224630220 Overlooked risks]]> 2018-01-25 13:38:03 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224630220 The Bank of England gave Northern Rock enough money so that the public did not lose their savings https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224630793 2018-01-25 13:39:18 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224630793 Jai Bains https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224699673 2018-01-25 15:34:16 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224699673 Arshad Hussian https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224701503 2018-01-25 15:36:43 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224701503 Jai Bains did it he told me https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224701728 Jai Bains]]> 2018-01-25 15:37:01 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224701728 https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224704458 Arshad Hussain]]> 2018-01-25 15:41:00 UTC https://padlet.com/tony_bickley/s6fd6jk3t9e4/wish/224704458